Nick Hanauer: More Customers, More Money
on Thursday, January 7, 2016Nick Hanauer Money Quotation saying better paid employees means more customers for business. Nick Hanauer said:
“When workers have more money, businesses have more customers, and need more employees” — Nick Hanauer
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In this quote, Nick Hanauer is arguing that when workers have more money due to higher wages, it benefits businesses. His point is that workers having more disposable income means they will spend more, which leads to more customers and demand for businesses.
With more customers, businesses will then need to hire more employees to help meet this increased demand.
Therefore, according to Hanauer, raising wages for workers not only helps the workers themselves, but also creates a stimulus for business growth and job creation.
By putting more money in the hands of regular consumers, it sets off a positive cycle where workers, businesses and the overall economy all benefit.